You are here

Now is not the time to raise rates, says BOE chief

Carney warns that already weak wage growth risks a further loss of momentum as Britain prepares to leave EU

Wednesday, June 21, 2017 - 05:50

Mr Carney said that whether Britain's large current account deficit was sustainable remained an open question.

PHOTO: REUTERS

London

NOW is not the time to raise interest rates, Bank of England (BOE) governor Mark Carney said on Tuesday, warning that already weak wage growth risked a further loss of momentum as Britain prepares to leave the European Union (EU).